There are many options available for financing home improvements not to mention using cash or available funds.
What type of program is used may depend on the scope and amount of funds needed for the project. We can help you with everything from a home equity line of credit where you can do the work yourself or a full construction loan if you’re working with a vacant lot or a complete tear-down property. Larger projects may require a general contractor and/or to have the contractor approved by the lender.
Loans that do not require a general contractor are our home equity line of credit, stand-alone second mortgage or a cash-out refi. With the home equity loan of credit or second mortgage, you could keep your existing first mortgage (if there is one).
Here are some possible programs to consider: [Read more…]
Choosing a mortgage lender is one of the most important decisions you’ll make in the home buying process — yet most people spend more time researching a refrigerator than they do selecting who will handle the largest financial transaction of their lives. Here’s how to shop lenders the right way, including questions that will quickly reveal whether you’re talking to a true mortgage professional. 
